Third Time’s A Charm
And boy do these gents have a lot of charm, well at least that’s what they think! Some of the braver men of Simpson Wood swapped their calculators for the…
Blog Posts
Preparing for Making Tax Digital for VAT
Making Tax digital is a key part of the government’s plans to make it easier for individuals and businesses to manage their tax affairs. The first stage of the government’s…
HMRC has published an updated list of deliberate tax defaulters
HMRC has published an updated list of deliberate tax defaulters. The list includes details of taxpayers who have incurred a penalty because they have either: deliberately provided one or more…
Deadline for ‘paper’ self assessment tax returns
For those individuals who have previously submitted ‘paper’ self-assessment tax returns the deadline for the 2017/18 return is 31 October 2018. Returns submitted after that date must be submitted electronically…
Self-employed Class 2 National Insurance will not be scrapped
The government has decided not to proceed with plans to abolish Class 2 National Insurance Contributions (NICs) from April 2019. Class 2 NICs are currently paid at a rate of…
UK Budget date announced: 29 October 2018
The Chancellor of the Exchequer, Philip Hammond, has announced that the Budget will take place on Monday 29 October. Breaking with the tradition of a Wednesday in November, perhaps in…
Requirement to Correct – ACT NOW
30 September 2018 – a vitally important date for all those who have previously undisclosed offshore income and gains. This is the date by which a full disclosure of any such…
Bank of England Raise Interest Rate
The Bank of England has raised the interest rate from 0.5% to 0.75%. The quarter of a percentage point rise sets the rate at its highest level since March 2009….
Making Tax Digital for VAT
HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to…
Scotland Introduces relief for First Time Buyers
First-time buyers in Scotland will be helped to purchase their first home through a new tax relief which applies to Scottish Land and Buildings Transaction Tax (LBTT). According to the…
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